The Financial Ombudsman Service (FOS) has been given the go ahead by the FCA to increase its maximum compensation award to £375,000 from 1 April.

The regulated financial market failed to protect the British Steel Pension Scheme members, according to a damning report from the National Audit Office (NAO) into the wave of bad advice given to BSPS members.

The FCA has warned regulated firms to take steps to ensure they comply with government sanctions on Russian investments and doing business with Russia.

The FCA halted 1 in 4 firms from entering the retail finance market in a six month period in 2021 as it stepped up its war on scammers.

The Treasury has moved a step closer to making the underlying investments in mini-bonds a fully regulated activity to protect consumers after the £237m collapse of mini-bond provider London Capital & Financial (LCF).

The Financial Conduct Authority (FCA) has introduced a cap on fees for claims management companies (CMCs).

The Financial Conduct Authority (FCA) has stopped AJH Financial Services Limited (AJH) from disposing of assets without FCA permission.

The Personal Finance Society (PFS) is gathering evidence of the value of financial advice to challenge the Financial Conduct Authority’s (FCA) view of the sector.

The former owner of Norton Motorcycles has admitted illegally investing money into the firm from three pension schemes where he was the sole trustee.  

The Financial Conduct Authority is to launch a recruitment drive and expects to add 200 new staff by the end of the first quarter.